Jesse Lauriston Livermore Quotes About Ignorance
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Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer.
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It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.
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Ignorance at twenty-two isn't a structural defect.
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Jesse Lauriston Livermore
- Born: July 26, 1877
- Died: November 28, 1940
- Occupation: Stock trader